EXTERNAL RISK EVENTS REPORT July 2020 TABLE OF CONTENTS • Introduction • Overview • Risk Events by Category • Significant Management Changes 1233 20th Street NW, Suite 450 For more information contact: Washington, DC 20036 Claude Hanley, Partner Capitalperform.com Tel: 202-337-7875 @CPG_DC
[email protected] EXERNAL RISK EVENTS REPORT JULY 2020 EXTERNAL RISK EVENTS REPORT SUMMARY Capital Performance Group tracks events at financial institutions and financial technology firms across the country which could have risk implications for the industry. This sample report focuses on events at large banks in the United States as well as selected nonbank financial companies, fintechs, and payments companies. Within each risk type, events are sub-divided into three categories based on the relative significance of the event or the size of the fine or penalty levied against the institution in question: H I G H M E D I U M L O W PRIORITY PRIORITY PRIORITY The report contains a recap of legislative actions, proposed regulatory rules and enforcement actions among U.S. regulatory agencies involved in financial oversight. External events are organized under eight types of risk for easy review: 1. Liquidity – changes to markets or regulations that could impact an institution’s ability to fund its assets 2. Market/Interest Rate Risk – changes or potential changes to rates 3. Credit – instances of increased charge-offs or nonperforming loans in a particular credit segment 4. Operational – when the failure of a system, process, or person results in a loss or penalty 5. Fiduciary & Suitability – when an institution fails to act in the best interest of either shareholders or clients 6.